Scandinavia: Shaft Coupling Market 2024

Shaft Coupling Market Size in Scandinavia

The Scandinavia shaft coupling market dropped sharply to $X in 2022, declining by X% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Shaft Coupling Production in Scandinavia

In value terms, shaft coupling production rose to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Shaft Coupling Exports

Exports in Scandinavia

In 2022, approx. X tons of clutches and shaft couplings were exported in Scandinavia; with an increase of X% compared with 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, shaft coupling exports rose significantly to $X in 2022. Overall, exports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden represented the main exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Finland (X tons), achieving a X% share of total exports. Norway (X tons) took a relatively small share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of clutches and shaft couplings. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Norway (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland and Sweden increased by X and X percentage points, respectively.

In value terms, Sweden ($X) remains the largest shaft coupling supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports.

In Sweden, shaft coupling exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced mixed trends in the export price figures.

Shaft Coupling Imports

Imports in Scandinavia

Shaft coupling imports declined to X tons in 2022, reducing by X% compared with the year before. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports reduced to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Sweden was the key importing country with an import of around X tons, which finished at X% of total imports. Finland (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Norway (X%).

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest shaft coupling importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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